Pearachute Shark Tank Update

Pearachute Shark Tank Pitch

Desiree Vargas Wrigley appeared on Shark Tank Season 9, Episode 7, which aired on October 29, 2017, with subscription service for parents to gain access to activities and classes for kids in their area.

Pearachute is listed in the Services category. In plain terms, the business is described as subscription service for parents to gain access to activities and classes for kids in their area.

Pearachute asked the Sharks for $500,000 for 6%, implying a valuation of about $8.3 million.

On the show, Pearachute made a listed deal with Mark Cuban for $500,000 for 15%.

If treated as straight equity, the listed deal works out to about $3.3 million implied valuation, down from the original $8.3 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Pearachute After Shark Tank

Sources